OT: Dave Brandon gets a $2.4M Bonus
Judge rules that Toys R Us execs get to keep bonuses after the company filed for bankruptcy. That includes a $2.4 million bump for our least favorite former AD. Barf. Proposed: https://www.usatoday.com/story/money/nation-now/2017/11/29/toys-r-us-ba… Approved: https://www.washingtonpost.com/news/morning-mix/wp/2017/12/07/bankrupt-…
EDIT: Changed title from DB to Dave Brandon
December 7th, 2017 at 7:34 AM ^
Why is this man still discussed on this blog? The guy was greatly responsible for wrecking our football program. He was rightfully fired. Move on.
December 7th, 2017 at 7:46 AM ^
Because he was greatly responsible for wrecking our football program. And he was rightfully fired.
Plus he seems to have not suffered one whit for his egregious missteps, has remained an arrogant prick, and that still grates. So we applaud when bad things happen to Brandon, and are chagrined when good things happen to him.
tl;dr? You move on if you like (it's a healthy attitude). I look forward to eventually pissing on his grave.
December 7th, 2017 at 7:47 AM ^
December 7th, 2017 at 12:34 PM ^
December 7th, 2017 at 8:09 AM ^
December 7th, 2017 at 8:11 AM ^
December 7th, 2017 at 8:20 AM ^
December 7th, 2017 at 9:29 AM ^
To suggest that Bill Martin is "at least equally resopnsible for wrecking our football program" is a clear false equivalence. Read Three and Out, then read Endzone, and try to say that again with a straight face. Hell, just read this: http://mgoblog.com/content/failure-0
December 7th, 2017 at 9:37 AM ^
I still partially blame Lloyd Carr for not having a clear line of succession.
December 7th, 2017 at 10:01 AM ^
December 7th, 2017 at 10:08 AM ^
I don't disagree with you that Bill Martin made bad decisions. Clearly he did. What I disagree with is the equivalency you're drawing between Martin and Brandon. The quantity and quality of Brandon's bad decisions negatively impacted our football program more than Martin's. That's all I'm saying.
December 7th, 2017 at 10:12 AM ^
December 7th, 2017 at 10:48 AM ^
Yeah. You were close to that so know more, but I'm guessing he got his name on it for the $$$ raised more than anything else.
December 7th, 2017 at 10:04 AM ^
December 7th, 2017 at 7:37 AM ^
December 7th, 2017 at 7:43 AM ^
If he was a man of integrity, he would turn around and give that bonus money to his employees. This guy is an absolute disgrace and has to rank up there as one of the mosted disliked alumni of Michigan.
December 7th, 2017 at 10:03 AM ^
you just used the word "integrity" in the same sentence describing Dave Brandon.
What the hell is wrong with you? Are you TRYING to destroy he space/time continuum?
December 7th, 2017 at 7:51 AM ^
December 7th, 2017 at 7:56 AM ^
December 7th, 2017 at 8:00 AM ^
December 7th, 2017 at 8:08 AM ^
December 7th, 2017 at 8:12 AM ^
So, what exactly are they getting out of the bankruptcy? I'm not familiar with the bankruptcies that businesses get. Someone earlier suggested they wouldn't have to pay as much to vendors. If that's true, how can they justify not paying a vendor when they've got all this money to give to execs, legally speaking?
Another serious question, from someone who has never sniffed this level of aristocracy. How the hell do people end up in positions where you get bonuses this large for this level of incompetence? Does this have anything to do with merit? Has someone like Dave Brandon actually done anything positive to earn their position or are they just well connected people?
December 7th, 2017 at 9:36 AM ^
If you read between the lines, Dave Brandon is acknowledging that TRU is a shitstorm -- what the C-levels are spinning when they do stuff like this is say, "look judge, we're a mess, but if you want us to get out of bankruptcy court, you need to pay us a premium... rats don't jump On a sinking ship, they jump off -- and if you don't offer the c-suite an incentive to take on a task such is this, you'll get nobody."
December 7th, 2017 at 8:12 AM ^
December 7th, 2017 at 8:28 AM ^
December 7th, 2017 at 8:28 AM ^
December 7th, 2017 at 8:28 AM ^
December 7th, 2017 at 8:34 AM ^
December 7th, 2017 at 9:37 AM ^
December 7th, 2017 at 10:58 AM ^
As I see it, the Dave Brandon threads - and let me preface this by saying I tend to agree with you on this - are kind of like the Rich Rod threads here and the result of a nasty divorce which leaves one detesting the other person involved. As seems to be the case sometimes though, you can't help but be curious as to what that person is doing because try as you might, you cannot completely ditch the feelings - however negative - attached to them.
December 7th, 2017 at 9:42 AM ^
It's easy to get rabble roused about this, but I've read elsewhere that this money would be paid by major investors anyway and that keeping the continuity at the executive leadership levels is likely critical to turning Toys R Us around instead of just seeing it fold entirely. No one likes Dave Brandon, but I do believe this is pretty standard practice for trying to get a company out of bankruptcy
December 7th, 2017 at 9:55 AM ^
How does this shit rat always end up smelling like a rose?
December 7th, 2017 at 10:15 AM ^
Rich Rod, Mike Debord, etc. Time too move on...
December 7th, 2017 at 10:42 AM ^
I get that forgiveness is your jam, but no.
December 7th, 2017 at 12:06 PM ^
December 7th, 2017 at 10:25 AM ^
But when you’re directly contributing to driving your company further into the red, laying off countless employees, and you still get to go home with a fat Christmas bonus while many of your front line employees are wondering how long they’ll still have a job, that’s just wrong.
I’m not a socialist, but in a situation like this DB should have the decency to distribute his bonus directly to his in-store employees. I don’t see why he gets to walk home with an extra, cool $2.4 million when he’s driving his own company into the ground.
December 7th, 2017 at 11:13 AM ^
December 7th, 2017 at 11:23 AM ^
Right, I understand how it works. From my far too idealistic point of view, that shouldn't be the way things are when fucking up for the common worker means, in the words of Judge Smails, "you get nothing and like it."
But the world often does not work the way it should. Arrogant dicks like Dave Brandon can drive companies into the ground and get rewarded for it, while his underlings sit there and wonder if their next paycheck is their last one.
December 7th, 2017 at 12:18 PM ^
Coming to you from the good old U.S. of A. for 100 years now.
December 7th, 2017 at 1:10 PM ^
December 7th, 2017 at 1:23 PM ^
but who the FUCK cares what Dave Brandon is doing besides he and his family. Cripes.
December 7th, 2017 at 2:27 PM ^
Never has there been a more undeserving recipient, and an uninterested audience.
December 7th, 2017 at 6:54 PM ^
December 7th, 2017 at 8:23 PM ^